4 Technology Stocks Dragging The Sector Down

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 14 points (-0.1%) at 15,098 as of Friday, Aug. 16, 2013, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,393 issues advancing vs. 1,555 declining with 92 unchanged.

The Technology sector currently sits up 2.2% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the sector include Telekomunikasi Indonesia (Persero) Tbk ( TLK), down 3.0%, Nippon Telegraph & Telephone ( NTT), down 1.8%, Verizon Communications ( VZ), down 1.8%, America Movil S.A.B. de C.V ( AMX), down 1.3% and Telefonica Brasil S.A ( VIV), down 1.6%. Top gainers within the sector include Voltari ( VLTC), up 1517.8%, Aspen Technology ( AZPN), up 9.2%, Cree ( CREE), up 3.2%, Telecom Italia SpA ( TI.A), up 2.5% and Applied Materials ( AMAT), up 2.8%.

TheStreet would like to highlight 4 stocks pushing the sector lower today:

4. NTT DoCoMo ( DCM) is one of the companies pushing the Technology sector lower today. As of noon trading, NTT DoCoMo is down $0.11 (-0.7%) to $15.64 on light volume. Thus far, 43,488 shares of NTT DoCoMo exchanged hands as compared to its average daily volume of 282,800 shares. The stock has ranged in price between $15.64-$15.72 after having opened the day at $15.72 as compared to the previous trading day's close of $15.75.

NTT DOCOMO, INC. provides mobile telecommunication services over its long term evolution and W-CDMA networks in Japan. NTT DoCoMo has a market cap of $65.6 billion and is part of the telecommunications industry. Shares are up 9.3% year to date as of the close of trading on Thursday. Currently there are no analysts that rate NTT DoCoMo a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates NTT DoCoMo as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full NTT DoCoMo Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

3. As of noon trading, Tim Holding Company ( TSU) is down $0.51 (-2.6%) to $19.44 on average volume. Thus far, 417,932 shares of Tim Holding Company exchanged hands as compared to its average daily volume of 857,300 shares. The stock has ranged in price between $19.44-$19.80 after having opened the day at $19.70 as compared to the previous trading day's close of $19.95.

TIM Participac es S.A., through its subsidiaries, provides mobile telecommunications services using digital technologies to business and individual customers in Brazil. The company offers mobile, fixed and long distance telephony, and data transmission and Internet services. Tim Holding Company has a market cap of $9.8 billion and is part of the telecommunications industry. Shares are up 0.7% year to date as of the close of trading on Thursday. Currently there are 5 analysts that rate Tim Holding Company a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Tim Holding Company as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Tim Holding Company Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

2. As of noon trading, CenturyLink ( CTL) is down $0.35 (-1.1%) to $33.12 on average volume. Thus far, 2.9 million shares of CenturyLink exchanged hands as compared to its average daily volume of 5.3 million shares. The stock has ranged in price between $32.92-$33.35 after having opened the day at $33.34 as compared to the previous trading day's close of $33.47.

CenturyLink, Inc. operates as an integrated telecommunications company in the United States. CenturyLink has a market cap of $20.3 billion and is part of the telecommunications industry. Shares are down 7.0% year to date as of the close of trading on Thursday. Currently there are 9 analysts that rate CenturyLink a buy, 3 analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates CenturyLink as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, good cash flow from operations, impressive record of earnings per share growth, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full CenturyLink Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

1. As of noon trading, BlackBerry ( BBRY) is down $0.36 (-3.2%) to $10.60 on heavy volume. Thus far, 19.4 million shares of BlackBerry exchanged hands as compared to its average daily volume of 25.5 million shares. The stock has ranged in price between $10.40-$10.90 after having opened the day at $10.80 as compared to the previous trading day's close of $10.96.

BlackBerry Limited engages in the design, manufacture, and marketing of wireless solutions worldwide. BlackBerry has a market cap of $5.8 billion and is part of the telecommunications industry. Shares are down 7.0% year to date as of the close of trading on Thursday. Currently there are 4 analysts that rate BlackBerry a buy, 12 analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates BlackBerry as a sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity and weak operating cash flow. Get the full BlackBerry Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

If you are interested in one of these 4 stocks, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).

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